Lem Scott C 4

What Happened

• Scott C. Lem, CFO and Treasurer of Ares Capital Corp (ARCC), reported an open-market purchase of 5,186 shares on 2026-02-06 at $19.29 per share, for a total cost of approximately $100,038. This was a straight purchase (transaction code P), which is generally interpreted as a direct acquisition rather than a sale or option exercise.

Key Details

• Transaction date: 2026-02-06
• Filing date: 2026-02-09 (filed within typical Section 16 two-business-day window)
• Price: $19.29 per share
• Shares acquired: 5,186
• Total value: ~$100,038
• Transaction code: P (Purchase; open-market or private purchase)
• Shares owned after transaction: not specified in the Form 4 filing
• Footnotes/notable items: no 10b5-1 plan, tax withholding, or other special footnotes disclosed in the filing

Context

• Purchases by corporate officers are often watched by investors as a potential positive signal, but they do not by themselves prove future performance. This report is a straightforward buy by an executive; no derivative activity, gifts, or immediate sales were reported.